Latest news with #MegatechIndustriesAG
Yahoo
03-03-2025
- Automotive
- Yahoo
SAPA acquires Megatech Industries AG
Italian automotive supplier SAPA has acquired 100% of Megatech Industries AG, a European specialist in plastic injection moulding for the mobility industry, to expand its market presence and technological capabilities. SAPA, founded in 1974 by Angelo Affinita as a family business, has grown through its patented One-Shot method, a streamlined process for manufacturing lightweight mobility components. The acquisition of Megatech will allow SAPA to scale this technology more broadly while reinforcing its relationships with major OEMs, including Volkswagen Group, BMW Group, and Stellantis. Following the acquisition, SAPA's annual revenue is expected to rise from €360 million to approximately €700 million, with a workforce exceeding 2,000 employees across seven countries. The deal aligns with SAPA's strategy of diversification across customers, products, and geographies to mitigate industry volatility and achieve economies of scale. The integration of Megatech is expected to generate synergies due to the companies' complementary technologies, positioning the new entity as a leading European player in plastic injection moulding for the mobility sector. The move also supports SAPA's commitment to sustainable innovation across vehicle types, including electric, hydrogen, and internal combustion engine vehicles. SAPA board members Antonio Affinita, Mariangela Affinita, and Giovanni Affinita highlighted the significance of the acquisition, noting that despite challenges in the automotive sector, SAPA has successfully executed its industrial plan, which was initiated in 2017. The transaction also paves the way for SAPA's expansion into South America, particularly Brazil. The deal was managed by SAPA Group CFO Gianluca Henny and M&A Manager Giovanni Marco Parlati, with Oaklins Italy, a subsidiary of Banca Akros, acting as SAPA's exclusive financial advisor. Legal counsel was provided by Gianni & Origoni and Wolf Theiss, while Megatech was advised by Clearwater and E+H. Due diligence was conducted by a cross-border EY team across financial, commercial, tax, legal, and labour aspects. The acquisition marks a key milestone in SAPA's M&A strategy, positioning the company for further consolidation in the mobility sector while reinforcing its role as a provider of innovative and sustainable solutions. "SAPA acquires Megatech Industries AG" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
03-03-2025
- Automotive
- Bloomberg
Italy's Sapa Buys Megatech in Auto Suppliers Consolidation
Italian car-parts maker Sapa Group agreed to buy rival Megatech Industries AG, gaining greater heft with major European automakers at a time when many suppliers are struggling. The deal will nearly double Sapa's revenue to as much as €700 million ($728 million), and expand ties between the auto-interior supplier and major customers such as Volkswagen AG, BMW AG and Stellantis NV, it said in a statement. Terms weren't disclosed.
